Budget 2012: Some good news for the creative indu

0370 270 6000

Search Mobile

collapse

already registered?

Please sign in with your existing account details.

Email address

Password

need to register?

Register to access exclusive content, sign up to receive our updates and personalise your experience on brownejacobson.com.

Privacy statement - Terms and conditions

Forgotten your password?

collapseSign

Home

Insights

Resources

Blogs

Budget 2012: Some good news for the creative industries

22 March 2012

In a welcome u-turn in the Budget, the government has announced that it will grant tax breaks to the games industry, under what it calls the ambition “to make the UK the technology hub of Europe”. This is something which the last Labour government had proposed but which had, until now, been dismissed by the coalition government.

Richard Wilson, the CEO of games trade association TIGA, commented “This is a brilliant decision by the Government and terrific news for the UK video games industry“.

When coupled with further positive developments relating to the Patent Box (to be introduced in April 2013) this proposal looks set to be a favourable one for those developing technology in the UK. The devil will be in the detail (consultation on the proposals is expected over the coming months) but this is certainly a step in the right direction towards confirming the UK as a venue of choice for creative industries.

Related opinions

Consultation launched on the future of subsidy control law

The Department for Business, Energy & Industrial Strategy has just launched its consultation on the future of subsidy control law (previously known as state aid) in the UK.

View blog

New Year, new-ish state aid rules

From 1 January 2021 the state aid principles set out in the Trade and Co-Operation Agreement are incorporated into law by the EU (Future Relationship) Act 2020.

View blog

Internal Market Bill published today – the start of the controversy?

The Internal Market Bill is published today, but amid much controversy.

View blog

Important opportunity to comment on case law precedent

The UK government is considering extending this power to depart from retained EU case law to additional lower courts and tribunals, namely the Court of Appeal in England and Wales and the High Court of Justice in England and Wales and their equivalents.

View blog

View all blogs